5 supercars you can buy for the price of a Toyota Corolla in Singapore

Singapore's restrictive quota system for permits and licensing--known locally as COE, or Certificate of Entitlement--have caused car prices to skyrocket. As of January 2013, a base-model Toyota Corolla Altis 1.6 cost about $125,000 USD. There are, Ryan Ong proposes, other ways to spend that money on cars.

Gallery View:5 supercars you can buy for the price of a Toyota Corolla in Singapore

3. Mercedes-Benz SLK Series (in Canada)

This luxury car retails at around USD$79,650, if you buy it in Canada. Yeah, that’s right; this 8 cylinder monstrosity, which goes from 0 to 100km/h in 4.5 seconds, and makes the neighbours literally curl up and die from envy, costs about $50,000 less than a Toyota Altis in Singapore.

3. Mercedes-Benz SLK Series (in Canada)

This luxury car retails at around USD$79,650, if you buy it in Canada. Yeah, that’s right; this 8 cylinder monstrosity, which goes from 0 to 100km/h in 4.5 seconds, and makes the neighbours literally curl up and die from envy, costs about $50,000 less than a Toyota Altis in Singapore.